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ADC Agree Realty

Agree Realty Corp. is a real estate investment trust, which focuses on the ownership, development, acquisition, and management of retail properties net leased to national tenants. It specializes in acquiring and developing net leased retail properties for retail tenants. The company was founded by Richard Agree in 1971 and is headquartered in Bloomfield Hills, MI.

ADC stock data

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Calendar

18 Feb 21
18 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
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Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
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Cost of revenue
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Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 7.96M 7.96M 7.96M 7.96M 7.96M 7.96M
Cash burn (monthly) 2.76M 2.85M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 9.98M 10.31M n/a n/a n/a n/a
Cash remaining -2.02M -2.35M n/a n/a n/a n/a
Runway (months of cash) -0.7 -0.8 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
3 Mar 21 John Rakolta JR Common Shares Buy Aquire P No No 62.73 10,000 627.3K 255,613
3 Mar 21 Erlich Craig Common Shares Buy Aquire P No No 63.74 2,000 127.48K 22,088
2 Mar 21 John Rakolta JR Common Shares Buy Aquire P No No 63.5 10,000 635K 245,613
2 Mar 21 Leopold Simon Common Shares Buy Aquire P No No 63.75 2,000 127.5K 17,529
2 Mar 21 Joey Agree Common Shares Buy Aquire P No No 63.61 7,870 500.61K 444,151

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 275 269 +2.2%
Opened positions 37 35 +5.7%
Closed positions 31 33 -6.1%
Increased positions 119 104 +14.4%
Reduced positions 89 94 -5.3%
13F shares
Current Prev Q Change
Total value 4.37B 3.82B +14.4%
Total shares 63.84M 59.98M +6.4%
Total puts 12.4K 0 NEW
Total calls 300 200 +50.0%
Total put/call ratio 41.3
Largest owners
Shares Value Change
BLK Blackrock 10.39M $691.77M +12.7%
Vanguard 8.26M $550.07M +2.9%
CNS Cohen & Steers 5.17M $344M -16.6%
PFG Principal Financial Group Inc - Registered Shares 3.22M $214.16M +87.9%
STT State Street 2.72M $182.65M +3.1%
Centersquare Investment Management 1.55M $103.4M +1008.5%
Zimmer Partners 1.55M $103.34M +3.5%
DB Deutsche Bank AG - Registered Shares 1.54M $102.45M -9.7%
APG Asset Management US 1.37M $91.15M 0.0%
NTRS Northern Trust 1.13M $75.2M -10.3%
Largest transactions
Shares Bought/sold Change
PFG Principal Financial Group Inc - Registered Shares 3.22M +1.5M +87.9%
Centersquare Investment Management 1.55M +1.41M +1008.5%
BLK Blackrock 10.39M +1.17M +12.7%
CNS Cohen & Steers 5.17M -1.03M -16.6%
DSECF Daiwa Securities 992.43K +980.28K +8072.8%
Citadel Advisors 656.32K -634.76K -49.2%
Norges Bank 593.38K +593.38K NEW
Nuveen Asset Management 797.81K -462.27K -36.7%
Deprince Race & Zollo 3.61K -450.17K -99.2%
Lasalle Investment Management Securities 976.63K +357.76K +57.8%

Financial report summary

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Management Discussion
  • The Company’s real estate investment portfolio grew from approximately $2.22 billion in gross investment amount representing 821 properties with 14.6 million square feet of gross leasable space as of December 31, 2019 to approximately $3.30 billion in gross investment amount representing 1,129 properties with 22.7 million square feet of gross leasable space at December 31, 2020. The Company’s real estate investments were made throughout the periods presented and were not all outstanding for the entire period; accordingly, a portion of the increase in rental income between periods is related to recognizing revenue in 2020 on acquisitions that were made during 2019. Similarly, the full rental income impact of acquisitions made during 2020 will not be recognized until 2021.
Content analysis
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